Word: edisonizing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Even the biggest companies find the going rough. General Electric originally put a price of $45 million on the Dresden (Ill.) nuclear power plant (180,000 kw.) abuilding for Chicago's Commonwealth Edison Co.; costs already exceed that by an estimated $20 million. By the time it is finished, G.E. will be $80 million in the hole on its nuclear program, including a smaller 5,000-kw. plant it built at Pleasanton, Calif, to get experience. G.E., like the others, thinks that if it could build three big plants in a row, it could learn enough to produce competitive...
...Strauss is willing to go. Last week, AEC was trying to work out a compromise plan to supply more funds to private industry for research and development. The need is bigger than that. One comprehensive plan was laid out recently by Willis Gale, chairman of Chicago's Commonwealth Edison Co., which will operate the big Dresden power station in 1960. Chairman Gale dismisses the public- v. private-power argument by prefacing his plan with the suggestion that Government aid go both to public and private power combines in roughly the same proportion as their share of current U.S. electric...
...fear that a program to help alcoholics would make the company appear to be a home for drunks. But many big corporations have courageously set examples for industry by creating their own programs or joining with other companies in community-type clinics. New York's Consolidated Edison Co. is one of the pioneers, in 1952 underwrote the cost of setting up a consultation clinic at New York University-Bellevue Medical Clinic which has since been joined by 13 other companies, including Bell Telephone Laboratories, Metropolitan Life Insurance, the New York Times. Du Pont, Eastman Kodak, Allis-Chalmers and Boeing...
...orange juice. At Augusta, a ghost port barely five years ago, a third major project was completed, a multimillion-dollar oil refinery with a capacity of 2,800,000 tons annually and new docks for 45,000-ton oil tankers. At Enna, in Sicily's depressed interior, Milan Edison was putting the finishing touches on a $16 million chemical plant. All told, since 1948 nearly $500 million in new capital has been invested in Sicily. In the process, Sicily's gross income last year soared 20% to $857 million, v. only 8% increase for the rest of Italy...
...Chairman Lewis Strauss last week tried to head off mounting congressional criticism on the slowness of U.S. reactor development. Dedicating the AEC's $17 million experimental sodium reactor in the Santa Susana Mountains near Los Angeles, which will supply 6,500 kw. of electricity to the Southern California Edison Co., Strauss indicated that more Government money would now go into such advanced plants. Present plans already call for a $1 billion investment by the mid-1960s "in some 18 or 20 nuclear power plants serving homes and industries across our nation...